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20121201
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Search Results 0 to 11 of about 12 (some duplicates have been removed)
in the coming hour. a surprise in your check at the end of the week. the mess in washington leaves employers wondering how much they should with hold from your paycheck. the world, stuart was just showing you pictures of shanghai, the world already starting the celebration. the dawn of 2013. happy new year, everybody. there is a live look at shanghai, china. top of the hour. time now for stocks. >> good morning. searching for direction. not a big surprise for new year's eve. we have seen the dow down slightly. the nasdaq is up about 15. we are watching pfizer and bristol-myers squibb they just approved a stroke preventing tail. the market for this drug could be huge. 8 million worldwide have this disorder. a huge market here for the drug. it is facing some stiff competition. we are taking a look at the markets right now. bristol-myers is up slightly at the moment. dagen: thank you, diane. we will see you shortly. we are a little over 12 hours away from 2013. pc is then scramble mode. richmattson has this story. rich: significant progress in the last few hours. we have the leaders on capitol
the fiscal cliff. not just yet. they have not come to a solution in washington. that is front and center. we are also seeing a flock to the area that are safe. the dollar is higher. gold is higher. we are also -- there is a look at the dow jones one week. last friday we close that 13,135. we are still actually of about 30 points for the week. that is if we were to close right here. for right now, certainly, read on the screen because there is so much concern about washington. melissa: thank you so much. many believe the speaker in the senate, but it did notie -@even make it through the house last night. i next asked is not confident it will happen within the next year. >> we will see what the president says. after what has happened this week, it is not clear what the way forward is. it is more likely than not that we will grow into january without a deal. melissa: what does that really mean for the economy? >> it is to businesses to decide when they change their holdings. there is some spending programs that will be extended. they are uncertain about the outlook. there are a variety of ways
is more affected by what happens in washington financial sector directly affected by the fed, by tax policy, etc., the financials had a turnaround as well. i think they are still generally negative. the dow is now negative, but just by a couple ticks. again the turnaround is story. financials in general today, tell us how they did. nicole: the one i would talk about that really represents what went on with the financials is bank of america. bank of america hit a 52 week high, sold off, was like a number one loser in if the dow, number two loser in the dow and then moved back and came up off the lows. so it shows you the financials really drive the market one way or another. you really get a good feel. david: bank of america is up over 100% this year even with today's loss. it has incredible turnaround. [closing bell ringing] shibani: the bells are ringing on wall street. it was a roller coaster ride of a day. let's take a look at how stocks are finishing up. it's well on the fence here as to where we're going to close. the dow is lower right now. down about 20 points. the s&p 500 dow
that reflects conservative ideas. match that with the researchers in washington that to the policy work for heritage. connell: i think a lot of people will hear or read about this today and think about the conversation we have been having about the future of the republican party. does the tea party still have, you know, lindsey graham just put a statement out saying he is very disappointed that demint is leaving. the conservative movement lost a strong voice. he will do a great job at heritage. is this part of that story? >> i think senator demint believes that the republican message going into the election was a strong one. it just simply was not well articulated. i agree with senator demint. i do not believe that the republican party has to transform its position and become more moderate. take an idea like economic growth. the difference between 2% growth and 3.5% is a different like night and day. senator demint told me he started his career as a market researcher and advertising. he knows how to communicate with people. he became very frustrated sitting in the senate failing to do a
in michigan and in washington, d.c. with the author of "shadow bosses: how government. employee unions control america and rob taxpayers blind." mallory factor joins us. also tonight, egypt's president, muhammad morsi, ordering the egyptian military to arrest people in the street even as he claimed to have rescinded the dictatorial powers he assumed which have spurred violent demonstrations. and a new intelligence report concludes that america's time as the lone superpower is nearing an end. former director of national intelligence john negro panty joins us to talk about our future as a superpower and the challenges that we'll surely face. we begin tonight with one of the few scheduling misadventures of president obama's swire tenure in -- entire tenure in office. the president speaking to autoworkers outside detroit today, a day before governor snyder will sign michigan's newly-passed right-to-work law into effect. the president standing firmly with the unions that worked hard to get him reelected. >> what we shouldn't do, i just gotta say this, what we shouldn't be doing is try to take away
and washington. do you see companies perhaps getting a special tax holiday and bringing back those billions and billions of dollars parked overseas back to the u.s.? >> yes. i hope we have. we think there are people advising this administration and the way to get the economy is the way to repatriate that cash that is trapped overseas. you could reduce tax rates for a1 times special holiday. instead of the marginal tax numbering your money back from europe being 30% you might make it 10%. a lot of money would come back to the u.s. and it would be good for the economy. dave: don't mean to pouu water and your idea because i agree with you it would be a great idea to have a tax holiday we have it ministrations people want from the chief economic adviser of the president on down with the administration and they say no way they are going to do this. would give the any optimism it might be done? >> people need revenue. this is positive for revenue. the money sits over cease and the u.s. treasury gets none of it. if you declare this tax holiday the money produces revenue in nd the u.s.. the change
condition in washington where both parties, particularly the democrats are failing to come up with reasonable tax reform. stuart: but you've got a smile on your base because now i'm right. jim singel, founder of costco pays himself $7 a share and borrows the money to do it he's a huge obama supporter. >> well, now that's a different kettle of fish, stuart. borrowing money that they don't have in their kitty to pay a dividend to reduce tax, that's tax manipulation. stuart: which a tax which he favors and went to the democratic convention and argued for. >> i can't efend him, his company or his actions, but i can tell you, stuart, this is a reason why our political system is letting down ordinary people because it does allow the wealthy empowered take advantage of a system because the elites are not solving our problems. stuart: well, the elite never solve our problems, you know that. >> sometimes they do. >> no, no, no, what you're saying it's a back door argument for tax the rich. >> it's actually a back door argument for reducing taxes, limiting deductions and having a ratio
are in the holiday spirit. nothing, but goodwill and good feeling today. for example, "the washington post" is celebrating the record number of women elected to the senate. women may help break the gridlock, women are kland here another reason to cheer. gas prices keep falling, more than a penny a day. when you say fill her up, it's $15 less. we're not forgetting obamacare, trillion dollar deficit. no, no, it's the time for family faith and joy and that's what "varney & company" is about. it's friday, december 14th, here we go. joe woods' first day of. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing eay, he'll find some good people to help guide him, nd he'll set mey aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whe
in the washington post today calls for an end or at least limits on the deductible for charitable deductions. overwhelmingly the deduction benefits of the wealthy and the rest of the country has to make up the gap. of course it benefits the wealthy,,but not as much as it benefits the charity is my point. and the president's proposal includes, this is the president higher taxes on wealthy for income dividends, and a slew of new taxes as part of obamacare. >> here is what speaker boehner said on taxes. >> the day after the election, i the cameras and made clear that republicans were willing to ut revenue on the table if there were serious spenddng cuts and reforms put in place. we've talked about them. the president and the white house have had three weeks and this is the best we've got? >> so, it's all taxes and all raising taxes, no worries, there are serious proposal or even talk about reforming entitlesments, talks have gone nowhere, we're weeks from january 1st the fiscal cliff deadline. at least we're not stuck on the road to moscow. take a look at video out of russia, thousands of driv
deduction on charitable contributions. here's what fred hyatte wrote in the washington post. overwhelmingly the deduction benefits the wealthy and the rest of the country has to make up the gap. of course it helps the wealthy, but it does a lot more good for the charities and the people they benefit, doesn't it? how much would worthy charities be hurt if the deduction was limittd? we will ask the head of the charity navigator on this program today. that's at 10:33. the charitable deduction discussed here. did you ever text something that you wish you could delete forever? yes, i have. new at 10:00, for you right now, local police want a law requiring text messages to be saved for two years. all rise, the judge is here. by the way, look at page 278 of this book, theodore and woodrow, how two american presidents destroyed constitutional freedom which is -- okay, okay. >> is that the only page worth reading, page 278? stuart: as a matter of fact is. [laughter] >> you're a literary critic now. stuart: this is a privacy issue, isn't it? >> sure, it is a privacy issue. it is pretty unusual that t
out of washington. we've got it for you. >>> and wait until you hear just how dire the situation is in detroit. a third of the people on food stamps? almost half out of the labor force? and yes, they want a federal bailout. we're talking about all of this. and a whole lot more with this company: recovering investment banker. charles payne is here and nicole petallides always on the floor of the new york stock exchange. thursday morning, i will say it again, dead flat for the dow jones industrial average. and we have dead flat, the rate on 30 year mortgages from freddie mac actually it's down a tad, 3.32%. how's that for a 30 year? i've been saying this for weeks now, who would have thought. here's another number for you, the u.s. government spent 172 billion dollars more than it took in, during november alone. that means we're very likely headed for another trillion dollars annual deficit. that would be the fifth straight. the national debt, 16.37 trillion dollars. president obama apparently not concerned. he wants more spending. now, look at this. new poll from fox news, the que
Search Results 0 to 11 of about 12 (some duplicates have been removed)